The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-09-29
Dun,s Trade RevfevV.

NEW 1ORk, SSpU. S0.-b. ". Oun q
Co.'S weekly review of trade says: A
sudden change in the Governments
policy brings hopeful news to the local
money market. Possibly, indeed, too
much may be expected. Treasury
purchases cannot entirely remove the
consequences of short crops, harmful
speculation, over-hasty development of
the change of active into fixed capital.
Wall Street looks for the whole of the
$14, 000, 900, but a large part of the
bonds will come from the interior, and
the money will 60 thither. Much
Of it is wanted to meet COM
mitments in new enterprises,
and may be so absorbed. The specu-
lative advance in prices which at once
began, will make more money needed
TO carry the same stocks or products.
The country is now using outside the
Treasury 81 1913 900 of various kinds of
money, and clear addition of l per
cent would not goverY far. But the
disbursement will not be wholly
f an addition sa@ in OF us currency Sscaus se
government receipts exceed regular
expenditures by 100000 or more
each week. The effects of absorption
of capital in building and rapid deVel-
Opment are each week felt more clear
". At Cleveland money is very close.
At Chicago the constant demand for
country towns caused pressure and
no relaxation at present is expected.
Recent failures caused caution at
Philadelphia. Former failures also
Z per cent is commonly paid. at New
Orleans money has not been so
tight since the Grant Ward failure.
At Kansas City, Omaha and Milwau-
kee, money is close, and from nearly
all points collections are reported slow
or only fair. During the past week
the Treasury has paid out 81 SOC, 900
more than it has taken in, so that its
payments exceed its receipts for the
to arrive from Europe, but no more
is shipped. The merchandise exports
from New York for three weeks are
6 per cent above last year, against an
increase of 10a per cent in imports
here. 1t is still the fact that gold
comes only for investment or specu-
lation, so that encouragement might
turn the. tide. Clearings continue to
have an increase over last year; for last
week 7.3 per cent. This, however, in
dictates large payments on account of
buildings and speculation. Some de-
preston results from recent
failures in the iron trade,
and from continued heavy
importations. and while the best
brands of pig are firm, the heavy OUT
put tends to weaken other grades. One
large order for rails has been can
celled.
Boot and shoe sales are not up to-
recent expectations, travellers report
ing orders contracted by monetary
pressure. Leather and hides are con-
sequently dull, and some Stacking in
the wooden goods trade checks the late
promise of greater activity in wool.
Dry goods experienced some reaction
from the usual activity of recent weeks,
but prices are firmly held. Prices in
the stock market declined Monday and
Tuesday to the lowest of the year, but
have since recovered smartly.
Wheat is also little better. A new
speculation appears in oil, with some
advance in coffee
The tendency for the money brokers
is to advance prices in all markets on
account of treasury disbursements, but
the shortnesS of crops and the absorption
of it into fixed forms must still have
influence. The business failures
during the last seven days number for
the United States 1875; Canada, q; a to
tai of 1888, as compared with 1SS last
week. and ST for the corresponding
week of 1889.